The most likely cause is shorted convergence chips and possibly a few pico fuses.

These sets need to have all three colors - RED - BLUE - GREEN - lined up correctly on the screen in order for the picture to look normal. This is called convergence.

When its out of alignment the video will look 3-D, wavy, distorted, etc. Most of the time you just need to adjust your convergence in the menu. If you cannot adjust it in the menu - then your convergence is broken and needs to be repaired. Convergence problems are very common on all Projection TV sets including Sony,Samsung,JVC,Philip Magnavox,Panasonic,Akai,Pioneer Hitachi,Mitsubishi,Zenith and others. You can get a convergenece repair kit with instructions from the links below.

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I have red concave lines going across the screen, plus wording appears double like a ghosting effect, this is ongoing from the time the tv is turned on until it is turned off. This started 3 days ago. Is it time for a new tv, its 9 or 10 yrs old now.

your guns are off and need to be adjusted. your 3 guns (red, green and blue) are off and that would explain the funny colors and shadows. Have a tv tech come out and have a look, they can fix it for a reasonable price.

Sounds like your describing convergence ICs. They cost about 10.00 each and you will need to replace both of them. And possibly the resistors that power them total cost under 30 dollars if you do he soldering yourself. Hope this helps.